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ZUG,
Switzerland,
April 13, 2012 /PRNewswire/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that
Lou Iglesias has joined Allied World U.S. as President of the Property & Casualty Division. He has been appointed to this senior post in the U.S. that includes responsibility for underwriting and servicing all Program, Property, Environmental, Inland Marine, General and Specialty Casualty businesses. He will be charged with furthering Allied World's U.S. specialty capabilities that complement what the company has been building in the U.S. for the last five years.

Todd Germano, who has been instrumental in the U.S. build-out, will move to a global role, and will be charged with developing global product and service capabilities for the company. He will be working closely with both the U.S. and international offices. Todd will have primary responsibility for enhancing corporate capabilities to service clients and provide specialty solutions around the world. This is a key strategic initiative as clients of all sizes and in all industries are increasingly looking for global solutions to risk and insurance exposures.

Gordon Knight, President for Allied World U.S., commented, "Todd has been a vital part of the U.S. team for the past four years. We have worked hard to expand the brand and product scope nationally and his intelligence, determination and dedication were instrumental in the build out of Allied World U.S. I am grateful for his service and I look forward to working with Todd on the global expansion project."

Knight continued, "We are very excited that Lou has joined the continuously growing team at Allied World. Over the last several years, we have accelerated the strategic growth of product solutions offered in the U.S. With the transitioning market, additional products, and tremendous people, we are well positioned for continued growth in the coming years. Lou's broad experience and deep industry knowledge will be a tremendous asset to Allied World. I hope you will join me in supporting Lou in his new role as President of Allied World's U.S. Property & Casualty Division."